伍德里奇计量经济学第三版教师手册CHAPTER 8.docVIP

PAGE  PAGE 85 CHAPTER 8 TEACHING NOTES This is a good place to remind students that homoskedasticity played no role in showing that OLS is unbiased for the parameters in the regression equation. In addition, you probably should mention that there is nothing wrong with the R-squared or adjusted R-squared as goodness-of-fit measures. The key is that these are estimates of the population R-squared, 1?– [Var(u)/Var(y)], where the variances are the unconditional variances in the population. The usual R-squared, and the adjusted version, consistently estimate the population R-squared whet